Several other equities research analysts also recently weighed in on OZK. Brean Capital reiterated a buy rating on shares of Bank Ozk in a report on Monday, October 29th. ValuEngine downgraded Bank Ozk from a sell rating to a strong sell rating in a report on Thursday, September 13th. Wells Fargo & Co reduced their price target on Bank Ozk from $40.00 to $33.00 and set a market perform rating on the stock in a report on Monday, October 22nd. UBS Group upgraded Bank Ozk from a sell rating to a neutral rating and reduced their price target for the stock from $36.00 to $27.00 in a report on Wednesday, October 24th. They noted that the move was a valuation call. Finally, TheStreet downgraded Bank Ozk from a b- rating to a c+ rating in a report on Friday, October 12th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $32.63.
Shares of NASDAQ OZK traded down $0.67 during midday trading on Friday, hitting $26.45. The company’s stock had a trading volume of 1,549,934 shares, compared to its average volume of 3,578,675. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.95 and a current ratio of 0.95. Bank Ozk has a 12-month low of $24.15 and a 12-month high of $53.70. The company has a market cap of $3.48 billion, a price-to-earnings ratio of 8.94, a PEG ratio of 0.69 and a beta of 1.51.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 19th. Shareholders of record on Friday, October 12th were issued a dividend of $0.21 per share. This is an increase from Bank Ozk’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 3.18%. The ex-dividend date was Thursday, October 11th. Bank Ozk’s dividend payout ratio (DPR) is presently 28.38%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Edge Wealth Management LLC purchased a new position in Bank Ozk during the 3rd quarter worth $753,000. Xact Kapitalforvaltning AB purchased a new position in Bank Ozk during the 3rd quarter worth $658,000. Tdam USA Inc. purchased a new position in Bank Ozk during the 3rd quarter worth $7,634,000. Handelsinvest Investeringsforvaltning purchased a new position in Bank Ozk during the 3rd quarter worth $8,731,000. Finally, Public Employees Retirement Association of Colorado purchased a new position in Bank Ozk during the 3rd quarter worth $837,000. Institutional investors own 86.69% of the company’s stock.
About Bank Ozk
Bank OZK provides a range of retail and commercial banking services to businesses, individuals, and non-profit and governmental entities. The company accepts non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time deposits.
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